Today's Labour News

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OldMutualBL Premium writes that many Old Mutual shareholders have come out asking the insurer and its axed CEO to find an amicable solution that will put an end to the five-month bruising public battle between the two.  

But it does not look like those shareholders will be getting what they want any time soon, unless Old Mutual wins its appeal against judge Brian Mashile’s order to reinstate Moyo.  But even then, Moyo could appeal against that.  The latest move by the insurer, which said it would file an application asking Mashile to recuse himself, means that the contempt of court case against it, which was supposed to be heard in November, might be delayed.  First, the court must hear the recusal application, the date of which is not yet known.  Even if Mashile does not recuse himself, Old Mutual has said that it wants to file its reply to Moyo’s latest response because Moyo’s legal team has introduced new evidence.  The introduction of new evidence on replies does not help in curtailing the legal proceedings because the defendant has to respond to it.  So the merry-go-round of reply on reply is likely to continue.  Shareholders can put only so much pressure on Old Mutual to end this five-month long public drama, but it’s clear that this cannot happen if the two legal teams keep surprising each other in court.

  • Read the full original of the report in the above regard by BusinessLive (paywall access only)


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